JACKSON CENTER, PA / ACCESSWIRE / May 5, 2020 / Premier Biomedical, Inc. (OTC PINK:BIEI) President and CEO, William A. Hartman stated, "As a follow up to our press release dated April 6, 2020, Premier Biomedical has decided not to increase our authorized shares at this time as it is not in the best interests of our shareholders. Premier Biomedical previously announced that we had cancelled a reverse split, so it made sense not to go ahead with the increase in authorized shares while we await either non-convertible or fixed-price convertible preferred funding. Negotiations are in-process with two funding sources as part of our overall strategy to recapitalize the company and to eliminate all toxic debt on Premier Biomedical's balance sheet."
Premier Biomedical Rescinds Previously Planned Increase in Authorized Shares
May 05, 2020
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